Post Tagged with: "Korea News"

Second Half Semiconductor Outlook Relies on Server Demand

The semiconductor industry is enjoying an extraordinary boom time. The operating profit-to-sales ratio of Samsung Electronics’ memory chip business broke the 50-percent level in the first quarter of this year, while SK Hynix’ ratio in its DRAM business is also expected to surpass the 50-percent level in the second quarter. On the back of strong demand, the share prices of these companies also rose sharply. Some analysts, however, voice worries, saying, “Semiconductor demand could slow … …

[Photo] S. Korean Air Force’s first planes, with no weapons

Ten North American Aviation T-6 Texans were purchased from Canada in 1950 at a cost of 350 million won in donations. One of the ten is exhibited at the Korea Air Force Academy. The planes have no weap.. …

Single-member families account for 27.8 pct of S. Korean households

SEJONG, June 21 (Yonhap) — The number of one-person families continued to rise in South Korea last year amid the fast-spreading trend of people remaining single, government data showed Wednesday. Households consisting of a single member totaled 5. …

China Ups Pressure on Seoul to Send Back THAAD

China on Tuesday called on South Korea to send back a Terminal High-Altitude Area Defense battery from the U.S. that Beijing finds too assertive of American military might on its doorstep. Vice Foreign Minister Lim Sung-nam met with his Chinese counterpart Zhang Yesui in Beijing to discuss THAAD, t… …

Fitch Forecasts 2.7% Growth for S. Korea This Year

[Economy] : Global ratings agency Fitch forecasts the South Korean economy will grow two-point-seven percent this year.[more…] …

Court rejects arrest warrant for Chung Yoo-ra

A South Korean court again on Tuesday rejected an arrest warrant for the daughter of Choi Soon-sil, who is at the center …

Nomura Securities Brings up Target Price of SK Hynix to 100,000 Won

Nomura Securities raised its target price on SK Hynix to 100,000 won. The Japanese securities house said in a report published on June 19, “The company is expected to continue improving its profit results in the third quarter due to the rising demand for semiconductors on the back of the growth in cloud computing and artificial intelligence markets.” It then brought up the target price on the stock 47 percent to 100,000 won from 68,000 won. According to FnGuide, a financial information provid… …

(LEAD) Court again rejects warrant for daughter of ex-leader's friend

(ATTN: ADDS more details in paras 8-9) SEOUL, June 20 (Yonhap) — A Seoul court again refused to issue an arrest warrant on Tuesday for the daughter of former President Park Geun-hye’s friend in connection with a massive corruption scandal. The S …

OECD Suggests South Korea Cut Unnecessary Medical Costs

[Domestic] : The Organization for Economic Cooperation and Development(OECD) said on Tuesday that South Korea …[more…] …

Energy Policy Can't Be Decided by Presidential Whim

Speaking at the shutdown of Korea’s oldest nuclear reactor in Busan, President Moon Jae-in on Monday said his administration will halt the construction of new nuclear power plants and will not extend the operations of aging reactors. Moon has called for a nuclear-free energy policy since his electio… …

President deplores death of US student recently released by North Korea

Cheong Wa Dae spokesperson Park Soo-hyun announces that President Moon Jae-in decided to send condolences to the bereaved family of the late U.S. college student Otto Warmbier, during a briefing at th …

1 in 10 female migrant workers subject to sexual abuse

One in 10 female migrant workers in the manufacturing sector in South Korea experience sexual abuse, a report showed Tue …

Spy Agency Launches Reform Committee to Fulfill President's Pledge

[Politics] : South Korea’s spy agency has launched an internal reform committee. The National Intelligence …[more…] …

(3rd LD) U.S. student released from N. Korea dies

(ATTN: UPDATES with Trump statement in paras 5-7) By Chang Jae-soon WASHINGTON, June 19 (Yonhap) — A U.S. college student released from North Korea in a coma after 17 months of detention died Monday, his family said, blaming the “awful torturous mis …

EU Extends Sanctions Against Russia Over Crimea for a Year

The European Union has extended sanctions against Russia for a year over its annexation of Ukraine’s Crimean Peninsula in 2014.EU foreign ministers said in a statement Monday that the 28-nation bloc “remains committed to fully implement its non-recognition policy” of Russia’s seizure of Crimea and t… …

Astana Expo harbinger of future energy politics

ASTANA, Kazakhstan — As visitors walk through the glistening “Nur Alem” Kazakh pavilion in the center of the Astana Int …

EV Battery Makers Move to E. Europe in Droves

Korea’s major electric vehicle battery makers such as LG Chem, Samsung SDI, and SK Innovation are moving to Eastern Europe as a way to find outlets for better financial results. This is based on the judgment that the region has several large-scale automobile assembly plants of Volkswagen, BMW, and the like while wage levels are relatively lower than those in other European regions. Another advantage that Eastern Europe offers is there is no trade barriers found elsewhere including China. Acco… …

South Korean arrested in Pakistan on suspicion of illegal missionary activity

The South Korean founder of a language school in Quetta, southern Pakistan, where two Chinese nationals in their 20s were abducted and slain by the Sunni fundamentalist militant group Islamic State (I.. …

(2nd LD) Moon vows to scrap all plans for new nuclear reactors

(ATTN: UPDATES with more remarks, additional information in last 4 paras; ADDS photo) SEOUL, June 19 (Yonhap) — President Moon Jae-in vowed Monday to scrap all existing plans for new nuclear power plants and not to extend the operation of any aged re …

Prosecutors Push to Arrest Choi Soon-sil's Daughter Again

Prosecutors on Sunday made another attempt at winning an arrest warrant for the daughter of ex-President Park Geun-hye’s confidante Choi Soon-sil.Prosecutors earlier this month sought an arrest warrant for Chung Yoo-ra, who is thought to have been a major beneficiary of her mother and Park’s extorti… …